Kenya token scam collapses when Sleuths reveals serious announcement

The former Kenya Prime Minister apparently was hacked to promote fraud token projects. His X-profile announcement post was removed, and the video was almost certainly deepfake.

The name and branding of this project are very similar to another semi-official project with an obvious red flag. This confusing quagmire raises many of the remaining questions.

What is a Kenya Token?

Kenya is underrepresented in the international crypto community, with grassroots adoption and major government-initiated business partnerships.

However, the new “Kenya Token” apparently tried to benefit from this situation rather than contribute to it.

Announcement of counterfeit Kenya tokens. Source: x

The country’s former prime minister, Raila Odinga, appears to have been hacked to announce the Kenya Token Project. But soon it was removed, prompting concerns about the hack.

Comparing the attached video to Odinga’s real speaking voice, it seems very likely that this post is an AI-generated deepfake.

The scam may have fallen apart, but there are many unanswered questions. These red flags can be an important lesson, especially as fraud prevention technologies have failed the community.

Who is behind this scam?

For example, analysts have discovered a large-scale insider bundling into the Kenya Digital Token (KDT). This is a completely different asset that has been clearly approved by the sitting of government officials, so the fraud project may have tried to hang the pigs on the pigs on KDT branding.

But even this semi-official project was featured in the red flag. Shortly after one KDT wallet conducted a TGE, 141 other accounts sniped 20% of the total supply. The site sold these tokens as “locked for people” but in private hands.

This led the community to speculate that the Kenya Digital Token is a lagpur of production. After all, Libra promoter Hayden Davis launched Memecoin after high-level consultations with top Nigerian officials. In other words, there are plenty of precedents for semi-official token scams.

Technically speaking, Davis could be personally involved in Kenya digital tokens. He won a major legal breakthrough last month and joined another token snipe within a week. If unruly behavior doesn’t have any consequences, the pattern can follow.

Needless to say, a bit of an early skepticism about unrelated projects may have helped the community. Deepfaked Scam had nothing to do with the Kenya Digital Token, but the “real” project could also be fraudulent.

Even if the relevance of rumors between tokens was wrong, the underlying hesitation was not the case.

Such a red flag is extremely important in today’s environment. If investors want to stay above this supercycle of crypto crime, they need to develop sharp instincts and pay extensive attention.

Kenya’s token scam collapses when Sleuths reveals that a serious announcement first appeared on Beincrypto.